Latest Headlines – Page 169
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Original+ from Austria is the overall winner of Ispo Brandnew 2019
Original+, a product for the mass custom manufacturing of alpine skis, has been announced as the overall winner of Ispo Brandnew 2019, the international platform and competition for start-ups in the sports industry. The jury of experts chose one overall winner as well as one winner each in the following ...
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Callaway buys the Paw
In a way widening the definition of the “outdoor market,” the world's leading golf equipment company, Callaway Golf, announced yesterday an agreement to take over Jack Wolfskin, one of the leading European brands of outdoor apparel and accessories. Callaway is paying €418 million for the Paw (the company's nickname based ...
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The European sports market slowed down in 2017
The European sporting goods market performed worse in 2017 than it did in 2016. According to our estimates, the market grew by only 1.7 percent last year in local currencies in the 15 major countries of Western Europe, compared with a growth of 3.0 percent in 2016. Translated into euros, ...
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The French sporting goods market continues to grow rapidly
France will probably come out again this year as the fastest-growing market for sports apparel and footwear in the five biggest European countries, according to the NPD Group, which tracks it constantly through its online consumer panels.France remained the most dynamic market in the 12 rolling months through September, with ...
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Five Spanish buying groups join forces
Isidro Rizal of TDC Sport, Antonio Castro Hermida of Giro 180, Leopoldo Nieto of Quorum Sport, Pedro Solis of Coas Sport Trade and Alberto Santurino of Deportes Cronos have announced that their five buying groups, or central purchasing bodies (CPBs), will be collaborating on sales, services and purchasing. They are ...
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A new chairman for Decathlon
Decathlon has a new chairman, Fabien Derville, who had already been on the board of directors when it was headed up by the company's founder, Michel Leclercq. He replaces one of the founder's sons, Mathieu Leclerq, who resigned last June and is no longer on the board.Derville is an experienced ...
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TAF’s CEO quits after turning it around
Intersport International Corp. (IIC), which acquired The Athlete's Foot (TAF) at the end of 2012, has announced the planned departure in April 2019 of Ingmar Kraak, crediting the Swiss manager for the “resurgence” of a previously ailing banner of franchised stores for lifestyle sports-inspired footwear. Based at TAF's new head ...
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Daka Sport switches to ANWR
Daka Sport, which has probably become the largest independent national sports retailer in the difficult Dutch market, has decided to work with the ANWR Group and two of its subsidiaries, Garant and the DZB Bank, for some purchasing functions and the settlement of suppliers' invoices, starting on Jan. 1. It ...
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Cisalfa is going omni-channel
Cisalfa Sport grew by 8.2 percent to €380 million in the financial year ended in February, with an increase of 3.9 percent on a same-store basis. The leading Italian sporting goods retailer inaugurated a new store layout, called Cisalfa 3.0, and opened four new stores.A new e-commerce platform, www.cisalfa.it, was ...
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Forum Sport goes more digital
The Spanish sporting goods chain is reopening its store in Vitoria, in Spain's Basque Country. With this refurbished store, the company has focused its investment on better visibility, arrangement and order for the products, trying to give customers the broadest view of its selection.To this end, the 2,600 square meters ...
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SportScheck builds retail and events platform
SportScheck is moving ahead with a strategy to transform its business into a retailing and events platform, which is leading to intensified partnerships with a few brands in sports and other industries.As part of its consumer-focused strategy, the German sports retailer has invested in extensive adjustments of the layout ...
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Karstadt and Kaufhof complete their merger
The Karstadt Sports chain of sporting goods stores will be an integral part of the joint venture between Signa and Hudson's Bay Company (HBC) that will run Karstadt and Galeria Kaufhof department stores in Germany and other retail operations in Belgium and the Netherlands, according to an official announcement made ...
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Foot Locker recovers in Europe
Foot Locker's European operations rebounded in the third quarter ended on Nov. 3, posting a mid-single-digit gain compared with the year-ago period, while still clearing inventories in a challenging market environment. However, sales were off at a high single-digit rate at Runners Point and at a mid-single-digit rate at Side ...
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Intersport outlet opens in Kiev
Intersport has expanded its sales network in Ukraine with the opening of a first multi-brand outlet shop in Kiev by its local partner, Epicenter K. The new store is located in the Berkovetska Street in the downtown area of the Ukraine's capital and occupies a total area of 2,800 square ...
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Sportiv, a new premium sports retailer in Russia
A group of Russian investors has officially opened the first store under the banner of a new sporting goods retail chain, called Sportiv, in Moscow. Until the end of 2018 new stores are slated to be opened in the biggest shopping centers of the Russian capital, according to the Arendator ...
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Lotto’s holding company is in rough legal waters
Surprisingly, an Italian court has accepted a request to place in bankruptcy proceedings Futura 5760, a holding company that indirectly controls Lotto Sport Italia. Futura, which is controlled by Andrea Tomat, president and chief executive of Lotto, owns 27 percent of Lotto’s shares and 70 percent of Next B, which ...
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Important changes at Alpargatas
After working for the Brazilian group for 21 years and running it for the last 15 years, Márcio Luiz Simões Utsch, whose name is generally shortened to Márcio Utsch, is planning to leave as chief executive of Alpargatas in the early part of the first quarter of 2019. Roberto Funari, ...
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Mixed quarterly results for Alpargatas
Alpargatas' consolidated net earnings jumped by 71.3 percent to 119.8 million reais (€27.6m-$31.3m) in the third quarter ended on Sept. 30, but this was partly due to non-recurring items. Excluding them, the Brazilian group's Ebitda margin fell by 1.3 percentage points to 12.3 percent on 2.2 percent lower revenues of R$ ...
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Lower results for Vulcabras
After recording improved results for several quarters, the parent company of Olympikus and Azaleia reported lower sales and profits for its third quarter, just as it is gearing up to take over the distribution of Under Armour in Brazil.The group's total net revenues were off by 6.3 percent to R$ ...
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Pou Sheng boosts Yue Yuen’s results
Revenues from manufacturing activities declined by 2.8 percent to $3,930 million in the first nine months of this year for the world's largest shoe producer. The volume of shoes it made by Yue Yuen Industrial during the period dropped by 0.9 percent to 236.5 million pairs and their average selling ...
